USPS Package ‘Surge’ Amid Pandemic Not Expected To Help Bottom Line

The Postal Service on Friday estimated that a $10 billion loan guaranteed under the CARES Act would give the agency enough cash to operate through May 2021.

That loan buys the agency more time to work with Congress on a long-term legislative fix to its struggling business model. The House, meanwhile, already passed a significant piece of that legislative puzzle.

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Jory Heckman